| Relief u/s 89(1) on gratuity received in Financial year 2010-11 Posted: 03 Oct 2011 07:10 AM PDT 
Gratuity is taxable in employees hands subject to some Exemption and rebates. Tax on Gratuity payment is depended on status of the Employee.To study impact of tax due to Gratuity payments , employee are divided in three categories and taxed accordingly .Most of persons are aware of maximum exemption limit for Category two and three below,i.e Rs 350000/- for employees retired on or before  |
| JURISDICTION IN CASE OF BOUNCED CHEQUES Posted: 03 Oct 2011 01:14 AM PDT 
In a case of bounced cheque, the Delhi high court has ruled that the magistrate in the place where the cheque was drawn and where the drawee bank is situated has jurisdiction to deal with the complaint. The power under the Negotiable Instruments Act is not with the magistrate where the cheque was presented or from where the notice was issued to the offending party, the high court stated in the  |
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